Summary of Da Ye Co., Ltd. Conference Call Industry and Company Overview - The conference call pertains to Da Ye Co., Ltd., which is actively expanding into the green energy sector and robotics industry, focusing on innovative materials and technologies. Key Points and Arguments Green Energy Projects - Da Ye Co., Ltd. is developing green energy projects, including a 200 MW wind power project and a 70 MW biomass cogeneration project, aiming for 80% green energy supply by 2027, which will significantly reduce energy costs and carbon emissions. The wind project is expected to generate 550 million kWh annually, increasing tax revenue by approximately 30 million [2][4][5]. International Expansion - The company plans to invest in a factory in Morocco with a capacity of 200,000 tons, transferring domestic equipment in two phases. The first phase includes 40,000 tons of spring steel wire and 40,000 tons of steel cord, targeting the European and American markets. The factory is expected to be operational by the end of 2026, enhancing profitability through local logistics advantages [2][7]. Robotics Development - Da Ye Robotics Technology Co., Ltd. focuses on specialized rope products for humanoid robots, collaborating with various manufacturers to develop small batch orders. The company is exploring material advantages for future technology reserves and aims for market recognition and larger orders [2][8][9]. Key Shaft Transmission Technology - The company is expanding into key shaft transmission technology to address challenges in automation manufacturing, such as flexible knotting and welding. Initial products have been developed, and there is an increasing demand from downstream customers, which could significantly reduce labor costs [2][10][11]. Financial Performance and Market Conditions - In 2024, Da Ye Co., Ltd. faced revenue losses due to industry competition. The first quarter of 2025 still showed losses, but demand recovery is expected to improve performance in the second quarter. The company is focusing on market competition and overseas expansion to enhance profitability [6][26]. Market Share and Technical Advantages - Da Ye Co., Ltd. holds a significant market share in rubber skeleton materials, with Tai Steel wire being the largest producer globally, accounting for approximately 20% of the market and over 40% domestically. The company has established a national technology center and is recognized as a national manufacturing champion [3]. Challenges and Future Outlook - The steel industry is currently experiencing a downturn, with recovery dependent on domestic economic conditions. The company is implementing green transformation and overseas factory construction to lower production costs and increase high-margin overseas revenue, which is growing at about 20% annually [6][26][27]. Product Development and Market Potential - The company is actively working on product performance improvements and technical iterations, focusing on metal materials for current small batch orders. Future revenue targets depend on the industrialization progress of downstream customers, with aspirations for large-scale orders in the coming years [12][24][25]. Competitive Landscape - The competitive landscape in the robotics sector is unclear, with various companies pursuing different technological paths. Investors are advised to monitor technological advancements and specific company progress to make informed decisions [27][28]. Additional Important Content - The company is exploring the use of both metal and polymer materials in its products, recognizing the distinct advantages of each in different applications. The potential for convergence in material technology exists, but complete unification is unlikely due to varying requirements across different environments [15][30].